Trump opens tariff free ground beef imports for 90 days

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No details on which countries or who made the promise. Beef prices are still near records because the US herd is tiny.

Trump said Friday the US will allow up to 300,000 metric tons of ground beef in over the next 90 days with no out-of-quota tariff.
He claims a commitment the beef will be sold 25% below current market prices.
Goal is to cut costs for families while the American cattle herd grows back.
Blames Biden for the herd hitting modern lows and prices spiking.
Ground beef has been near all-time highs around $6.89 a pound. Steaks even higher.
Cattle inventory still near multi-decade lows even after a tiny July uptick.
White House gave no extra details on suppliers or the exact deal.
Ranchers have complained before that more imports hurt domestic producers.

https://www.reuters.com/world/us/trump-ease-ground-beef-import-quotas-90-days-2026-08-21/

Ground beef hit near-record $6.89 a pound in July while steaks topped $13. Consumers already switching to cheaper proteins.
US cattle herd started 2026 at multi-decade lows after years of drought. July report showed only a tiny rebound. Beef cow numbers still falling.
Experts say prices will stay elevated into 2027 because rebuilding takes years.

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